DouYu International Holdings Limited (DOYU) operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers. The company also sponsors eSports teams and organize eSports tournaments. In addition, it streams other content to include a spectrum of live streaming entertainment options, such as talent shows, music, outdoor, and travel. Further, the company records and offers video clips to allow users to watch replays of selective live streaming content; and allows viewers and streamers to edit and upload short video clips by themselves. The company was founded in 2014 and is headquartered in Wuhan, China.
My long entry
With its high IV (current IV rank: 43), sold a bull credit call vertical spread at 10/12.5 (19 March 2021 expiry) for credit premium of $0.72 as well as took some stock position.
Some recent developments
- Merger issues – https://esportsobserver.com/china-esports-recap-dec17-2020/
- Recent whistleblowing case – https://seekingalpha.com/news/3657230-watch-douyu-after-chinas-cctv-airs-whistleblower-video
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